US economy unemployment rate falls 4.9%
The US economy added a solid 161,000 jobs in October while the unemployment rate fell to 4.9%, according to Labor Department figures released on Friday. In a show of steady momentum in the world's largest economy, the department revised upward its jobs reports for the previous two months by a total of 44,000 positions, taking the average for the past three months to a strong 176,000 new jobs.
Nov 05, 2016, 14:47 PM IST